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CU System briefs (01/19/2012)
  • LONDON (1/20/12)--A new cooperatives bill in Britain would make it easier for the nation's residents to set up and manage cooperative businesses, said U.K. Prime Minister David Cameron Thursday during a speech in London. Addressing popular capitalism, Cameron noted that the government wants to encourage different capitalism models where employees have a more direct stake in the success of their companies.  If people have a stake in their business, they will support its growth and share its success, Cameron said. The bill would consolidate and streamline the current law on cooperatives, which he said is "outdated."  Cooperatives are a "vital branch of popular capitalism," he said.  2012 has been designated by the United Nations as the International Year of the Cooperative …


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NCUA Ch. Matz said the FOM proposal is the result of enforcement actions taken where CUs advertised open FOMs.
42 minutes ago
.@TheNCUA wants to know if there are other categories that should get automatic approval, staff says.
43 minutes ago
Alumni,homeowner assoc,labor unions, electric coops,scouting & church groups,assn. to further culture of nt'l or ethnic group are auto OKed.
45 minutes ago
Corporate separateness also would be required under FOM proposal. Separate physical location from FCU too.
50 minutes ago
An association must be found not to have been found to be formed for the purpose of being added to FOM, @TheNCUA says.
52 minutes ago